Healthcare technologies company Semler Scientific has added more bitcoins to the corporation's coffers this year, joining the list of companies stockpiling the asset.
Semler bought 303 bitcoins for an average of $96,779 between Nov. 25 and Dec. 4, he said in a statement on Wednesday.
“We are very pleased to be able to report a BTC yield of 78.7%,” company chairman Eric Semler said in a statement.
The Santa Clara, California-based company now holds 1,873 bitcoins worth more than $189 million. Current prices.
Semler added to his holdings regularly throughout the year; He recently bought 215 bitcoins. In early November.
Its 1,873 BTC treasury ranks 14th among publicly traded companies. Data collected by BitBo to Bitcoin Treasuries.
Semler issued common shares to buy bitcoin, the ratio of his bitcoin holdings to shares in a recently approved key performance indicator he calls “BTC yield.”
The company adopted the Bitcoin Treasury strategy in early May, when the company said it believed it had Bitcoin Ability to generate excessive returns As the acceptance of digital gold increases – a comparison that made headlines on Wednesday Echoed by Federal Reserve Chairman Jerome Powell.
The move follows a number of companies pursuing similar strategies.
micro strategy, The owner of Bitcoin worth more than 40 billion dollarsIt uses the BTC yield indicator—a key performance metric that measures the percentage change over time in the ratio of a company's total bitcoin holdings to its estimated diluted outstanding shares.
Japan's Metaplanet has been actively buying assets, and its holdings have more than doubled in value in a renewed bull market.
Semler Scientific ( SMLR ) trades on the NASDAQ stock exchange and is up about 33% for the year. The stock was down nearly 7.6% at $58.55.
Edited by Sebastian Sinclair.
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